ADVISORY/Experts Available To Discuss Small Businesses Dealing with Late Payments.Business Editors ADVISORY... --(BUSINESS WIRE)--Nov. 5, 2001 TOPIC: The Detroit Regional Chamber plans to lobby state lawmakers to assist small businesses to collect timely payments from their customers, according to an article in the October issue of Crain's Detroit Business. The U.S. Small Business Administration found that 75 percent to 80 percent of small businesses have customers who either make late payments or no payments at all. Experts say small businesses should enforce contracts, penalties and incentives to secure timely payment from their customers. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Mr. Mark E. Merlanti is an attorney with the law firm of Raymond & Prokop, P.C., headquartered in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. . His practice includes commercial and construction litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , contract negotiations and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying management. He is a recognized speaker to trade associations and chambers of commerce on collection issues for small and medium-sized businesses. Among the topics Mr. Merlanti addresses are the proper use of credit applications, techniques to collect interest and attorney fees and pre-litigation collection tools. PR: Margaret Knes, Margaux & Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 313/336-8774, margauxpr@earthlink.net Professor Laurence Aaronson is the associate professor of business administration of The Community College of Baltimore County The Community College of Baltimore County (CCBC) is an accredited community college located in Baltimore County, Maryland in the United States with three main campuses and two extension centers. and director of Small Business Counseling Center. He provides assistance to prospective and existing small business owners in various stages from startup to liquidation. He is the former Deputy District Director of the Baltimore office Small Business Administration. 410/455-6914, laaronson@ccbc.cc.md.us; PR: Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. Stecker (bstecker@ccbc.cc.md.us, 410/869-7153) As Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the to Small Business Survival Committee, Mr. Ray Keating is an accomplished economist and analyst of rules and regulations facing American small business. His experience on Wall Street and the non-profit sector The nonprofit sector, also called the third sector, civic sector or voluntary sector, is a third area of an economy, distinct from the public sector and the private sector. It is made up of all of the non-profit organizations in the economy. provides SBSC SBSC Small Business Survival Committee SBSC Small Business Support Center (DARPA) SBSC Sprint Business Service Center SBSC Single Base, Single Collector SBSC Scenario-Based Stochastic Program with a truly knowledgeable asset. 202/785-0238 Dr. Mary L. Nicastro, of the Capital University, Department of Economics, is an expert regarding small business consulting and consumer behavior. 614/236-6134, 614/236-6011 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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